Add 'Indonesia Palm Oil Output Seen Recovering in 2025, However Biodiesel'

Indonesia-Palm-Oil-Output-Seen-Recovering-in-2025%2C-However-Biodiesel.md

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+<br>Indonesia prepares to [execute](https://www.businessnews.com.au/Company/Mission-NewEnergy) B40 in January<br>
+<br>Because case, prices may rally 10%-15% in Jan-March, Mielke says<br>
+<br>B40 will need extra 3 [mln heaps](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) feedstock, GAPKI says<br>
+<br>Malaysia palm oil benchmark at highest since mid-2022<br>
+<br>India may [withdraw import](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [tax trek](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) in the middle of inflation, Mistry states<br>
+<br>(Adds analyst remarks, updates Malaysia's palm oil criteria cost)<br>
+<br>By Bernadette Christina<br>
+<br>NUSA DUA, Indonesia, Nov 8 (Reuters) - Indonesia's palm oil output is anticipated to recuperate in 2025 after an anticipated drop this year, however prices are expected to remain elevated due to scheduled expansion of the nation's [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) required, [industry experts](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) stated.<br>
+<br>The [palm oil](https://www.zoominfo.com/c/mission-newenergy/346542889) benchmark rate in Malaysia has actually risen more than 35% this year, lifted by slow output and Indonesia's strategy to [increase](https://www.crunchbase.com/organization/mission-newenergy) the [mandatory domestic](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [biodiesel](https://www.abnnewswire.net/companies/en/31347/%E0%B8%9A%E0%B8%A3%E0%B8%B4%E0%B8%A9%E0%B8%B1%E0%B8%97-Mission-NewEnergy-%E0%B8%88%E0%B8%B3%E0%B8%81%E0%B8%B1%E0%B8%94.html/4) mix to 40% in January from 35% now in an effort to reduce fuel imports.<br>
+<br>Palm oil output next year in leading producer Indonesia is anticipated to recover by 1.5 million metric lots [compared](https://www.abnnewswire.net/companies/en/31347/%E0%B8%9A%E0%B8%A3%E0%B8%B4%E0%B8%A9%E0%B8%B1%E0%B8%97-Mission-NewEnergy-%E0%B8%88%E0%B8%B3%E0%B8%81%E0%B8%B1%E0%B8%94.html/4) with an [estimated drop](https://www.google.com/search?kgmid=/m/0cqd_rb) of simply over a million heaps this year, Julian McGill, managing director at Glenauk Economics, informed the Indonesia Palm Oil [Conference](https://stocktwits.com/symbol/MNEL) on Friday.<br>
+<br>Thomas Mielke, head of Hamburg-based research  Oil World, stated he expects Indonesia's palm oil production to [increase](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) by as much as 2 million lots next year after a 2.5 million ton drop in 2024.<br>
+<br>While Indonesia's output is forecast to improve, supply from somewhere else and of other [veggie oils](https://forest500.org/rankings/companies/mission-newenergy-limited) is seen tightening up.<br>
+<br>[Palm oil](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) output in neighbouring Malaysia is expected to dip a little next year after increasing by an estimated 1 million heaps in 2024.<br>
+<br>"We would need a recovery in palm in 2025 since combined exports of soya, sunflower and rapeseed oils are decreasing," Mielke said.<br>
+<br>'FRIGHTENING' PRICE SURGE<br>
+<br>The rate surge in palm oil in the past seven weeks has been "frightening" for purchasers, Mielke stated, including that it would rally by 10%-15% in January-March if [Indonesia implements](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) the [so-called](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) B40 policy.<br>
+<br>The Indonesia Palm Oil Association said additional feedstock of around 3 million lots will be required for B40 implementation, [eroding export](https://www.bloomberg.com/profile/company/MNELF:US) supply.<br>
+<br>The existing palm oil premium has actually currently caused palm to lose market share versus other oils, Mielke included.<br>
+<br>Malaysian palm oil costs are seen trading at around $950 to $1,050 per metric heap in 2025, McGill of Glenauk estimated.<br>
+<br>Benchmark [Malaysian palm](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) oil touched 5,104 ringgit ($1,165.30) on Friday, the greatest considering that mid-2022.<br>
+<br>"Sentiment right now is red-hot and very bullish, we need to be mindful," stated Dorab Mistry, director at Indian durable goods company Godrej International.<br>
+<br>He anticipated the Malaysian rate around 5,000 ringgit and above until June 2025.<br>
+<br>Mielke and Mistry urged Indonesia to<br>
+<br>think about delaying<br>
+<br>B40 application on concern about its influence on food customers.<br>
+<br>Meanwhile, Mistry expected top [palm oil](https://www.businessnews.com.au/Company/Mission-NewEnergy) importer India to withdraw its<br>
+<br>import task hike<br>
+<br>enforced from September after elections in the state of Maharashtra in November. ($1 = 4.3800 ringgit) (Reporting by Bernadette Christina Munthe Writing by Fransiska Nangoy